Kylie Cosmetics Said to Have Had M&A Talks

Kylie Cosmetics may be looking to make a deal — for the right price. An assortment of Kylie Cosmetics products.  Joshua Scott The makeup brand of Kylie Jenner, which shot to popularity in 2015 for its hard-to-get lip kits, is said to have had conversations with a range of potential buyers and investors, several industry sources have said. The price tag was said to be in the billions — one source said the company was asking for $3 billion. “The success of Kylie Cosmetics has been incredible, and with that awareness there will always be some interest. We’re always open to exploring opportunities,” said Kris Jenner, through a spokeswoman. Industry sources said the business was approached by many strategic buyers after numbers came out in 2017 that showed just how quick the brand’s ascension had been. In its first 18 months, Kylie Cosmetics did $420 million in sales. That was nearly two years ago, and the sources said that after those talks fizzled out, other potential investors came to the table and discussions were had around building out Kylie Cosmetics’ infrastructure to lessen the company’s dependence on Seed Beauty, its manufacturer. Seed also manufactures ColourPop, a lower-priced makeup brand. While Kylie Cosmetics posted sharp growth in its

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